Bid for Hydro collapses

AUTHOR(S)

Bains, Elizabeth; Gibson, Jane

PUB. DATE

May 2007

SOURCE

ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p8

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article reports on the failure of the acquisition deal between Ineos and Hydro Polymers. Norwegian daily newspaper Dagens Naeringsliv reported that INEOS had bid Norwegian kroner (NKr) 4.5 billion-5 billion for the business, which is owned by Norsk Hydro. Norsk Hydro said that it intended to divest or publicly list the division, and in April 2007, Hydro Polymers applied to the Oslo Stock Exchange for a listing.

ACCESSION #

25424525

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